Adient (NYSE:ADNT) Price Target Cut to $30.00

Adient (NYSE:ADNT - Free Report) had its price objective reduced by Bank of America from $35.00 to $30.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also issued reports on the company. Wolfe Research initiated coverage on Adient in a research note on Thursday, September 5th. They issued a peer perform rating for the company. JPMorgan Chase & Co. lowered their price objective on shares of Adient from $31.00 to $27.00 and set a neutral rating for the company in a research report on Thursday, August 8th. BNP Paribas upgraded shares of Adient from an underperform rating to a neutral rating and set a $26.00 price objective on the stock in a research note on Monday, July 1st. Morgan Stanley decreased their target price on shares of Adient from $32.00 to $21.00 and set an underweight rating for the company in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company dropped their price target on shares of Adient from $29.00 to $27.00 and set an overweight rating on the stock in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $25.38.

Adient Trading Down 1.7 %

ADNT traded down $0.39 on Monday, reaching $21.87. 628,272 shares of the company's stock were exchanged, compared to its average volume of 1,239,976. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 0.35 and a beta of 2.16. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 1.08. Adient has a twelve month low of $19.40 and a twelve month high of $37.19. The company's 50 day moving average is $21.81 and its 200-day moving average is $25.47.

Adient (NYSE:ADNT - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.30). Adient had a net margin of 0.50% and a return on equity of 6.34%. The business had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.82 billion. During the same period in the prior year, the business posted $0.98 EPS. The business's revenue was down 8.4% on a year-over-year basis. Equities analysts predict that Adient will post 1.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC grew its stake in Adient by 2.0% during the 1st quarter. ProShare Advisors LLC now owns 20,885 shares of the company's stock worth $688,000 after buying an additional 417 shares during the last quarter. CWM LLC grew its position in shares of Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company's stock worth $36,000 after acquiring an additional 443 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Adient by 3.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 18,167 shares of the company's stock worth $449,000 after acquiring an additional 556 shares during the period. Sei Investments Co. lifted its position in Adient by 1.3% in the 1st quarter. Sei Investments Co. now owns 51,206 shares of the company's stock valued at $1,686,000 after purchasing an additional 643 shares during the last quarter. Finally, Boston Partners boosted its stake in Adient by 12.2% during the 1st quarter. Boston Partners now owns 19,661 shares of the company's stock valued at $647,000 after purchasing an additional 2,139 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

About Adient

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.